MERL dual-drive manifestation, is a breakthrough imminent?
MERL currently presents a dual benefit resonance from both technical aspects and the token unlocking window. The 15-minute and 1-hour moving averages have stabilized, releasing a clear signal for the end of the short-term pullback, while the market is forming a typical accumulation pattern, quietly brewing the next wave of upward momentum. Reviewing historical trends before unlocking, the main forces often proactively raise prices before liquidity tightens, creating opportunities for selling or positioning, indicating that breaking through previous highs is just a matter of time. In the current market sentiment, anxiety over missing out is gradually increasing, and on-chain data shows that large addresses continue to accumulate, indicating clear signs of capital absorption, further strengthening the upward expectations.
Although there may be short-term fluctuations to wash out floating chips, the overall trend is becoming clearer. Once the breakthrough momentum is activated, it is expected to trigger a dual resonance of technical aspects and market sentiment, igniting a new round of market activity.
📊 Technical analysis:
● Current price: 0.4142 USDT
● 🟢 Support level: 0.35 (1-hour period, about 13.67% from the current price, key bottom support line)
● 🔴 Resistance level: 0.43 (1-hour period, about 6.07% from the current price, key breakthrough threshold)
💡 Strategy tips: Pay close attention to the price performance in the 0.35 support area; if it holds and volume increases, consider gradual positioning; if the resistance at 0.43 is broken with increased volume, the trend confirmation will strengthen, and positions can be added accordingly. Be cautious of intra-day fluctuations, manage positions reasonably, and seize the last low-buying window before the main upward trend. $BTC
